Payday Loan Service by States
Various states have different regulations when it comes to payday loans. The rules can limit how much people can borrow or how much the lending provider can charge in both fees and interest. Thirty-seven states have distinct statutes that allow cash advance loans and payday lending.
Some states do not hold specific payday loan legal requirements and demand lenders to comply with interest rate caps on consumer financing. If you seek to get a payday advance, we highly recommend that you understand the laws that your lender must follow.